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Egypt’s EPC issues mid-September PVC prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/09/2015 (17:57)
One of Egypt’s PVC producers, EPC, issued their new k67-68 and k70 prices for the second half of September. The producer elected to maintain their levels for the latter part of the month and continues to offer k67-68 at EGP7000/ton ($894/ton) and k70 at EGP7150/ton ($913/ton) on ex-Alexandria, cash inc VAT basis.

A source from EPC commented, “We issued rollovers when considering the firmer import PVC prices and generally stabilizing sentiment in the PVC market. Demand has been performing well for our cargoes as the higher USD parity and the ongoing difficulties when opening letters of credits at banks caused most buyers to turn to the local market. We received a good number of inquiries and buyers were asking for larger volumes than before.”

The producer is currently running their PVC plant at full rates and delivers their cargoes smoothly.
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